General Mills, Inc. (GIS - Free Report) recently introduced a new grain-free granola bar called Renola under its brand Larabar. Renola comes in three flavors, Cocoa Coconut, Cinnamon Nut and Berry. The new wholesome granola bar provides much needed energy to keep going through an active day and is a perfect snacking option for diet conscious consumers.
Renola contains simple non-GMO ingredients and is made of nuts, fruits, seeds and spices. This nutritious grain-free granola is also gluten-free, soy-free dairy-free, and kosher. The Cocoa Coconut variety contains cocoa nibs, toasted coconut, nuts like almonds, pecans and cashews and seeds including sunflower seeds and pumpkin seeds.
The Cinnamon Nut Renola variety contains nuts like almonds, pecans, cashews, sunflower seeds, pumpkin seeds and raisins. Cinnamon Nut Renola also includes cinnamon and pure vanilla extract. Berry Renola contains a combination of nuts, cinnamon and molasses with dried blueberries.
General Mills has an outstanding portfolio of growth products and brands, especially its healthy and convenience packages. Health and nutrition remains the key focus of the company. The idea is to appeal to the growing numbers of health-conscious customers who prefer the convenience of packaged food without compromising on health. The company’s continuous efforts to introduce new products in the fast growing food categories bode well for long-term growth.
Last week, General Mills introduced a new organic pea-protein granola called Protein Granola under its Cascadian Farm brand. The new organic granola bar comes in two flavors, Dark Chocolate Coconut and Apple Crisp.
General Mills carries a Zacks Rank #4 (Sell).
However, better-ranked stocks in the food industry include The Hain Celestial Group, Inc. (HAIN - Free Report) , Inventure Foods, Inc. (SNAK - Free Report) , and Aramark (ARMK - Free Report) . All the three companies carry a Zacks Rank #2.